HILLSBORO, Ore., Aug. 20, 2012 (GLOBE NEWSWIRE) -- FEI Company (Nasdaq:FEIC) announced today that it has reached a mutually acceptable agreement with Hitachi High-Technologies Corporation ("HHT") to settle an ongoing dispute regarding certain HHT patents relating to focused ion beam ("FIB") systems. In exchange for HHT's agreement to dismiss all currently pending claims and to grant future license rights to FEI for the FIB patents, FEI will make a one-time payment of $15 million to HHT. Both parties have issued a cross license on various elements of intellectual property, the specifics of which are confidential.